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GAIL plans to raise Rs 750 crore through bonds issue

GAIL plans to raise Rs 750 crore through bonds issue

GAIL (India) Ltd is planning to raise Rs 750 crore in bonds via private placement to finance its ongoing projects. The company has decided to issue non-convertible bonds of up to Rs 750 crore with an option to double the issue size via private placement in one or more tranches, GAIL said in a statement.